Schroder Investment Management Group Decreases Stock Position in Stagwell Inc. (NASDAQ:STGW)

Schroder Investment Management Group lessened its position in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,858,279 shares of the company's stock after selling 452,402 shares during the quarter. Schroder Investment Management Group owned 1.85% of Stagwell worth $32,065,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in shares of Stagwell by 31.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 19,468 shares of the company's stock worth $128,000 after acquiring an additional 4,609 shares during the period. JPMorgan Chase & Co. grew its position in Stagwell by 2,968.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company's stock worth $7,852,000 after purchasing an additional 1,154,458 shares during the period. Prudential Financial Inc. purchased a new position in shares of Stagwell during the 4th quarter valued at about $442,000. LPL Financial LLC acquired a new position in shares of Stagwell in the 4th quarter valued at about $240,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Stagwell in the fourth quarter worth about $239,000. 35.61% of the stock is owned by institutional investors and hedge funds.

Stagwell Price Performance

NASDAQ STGW traded down $0.30 on Friday, hitting $5.33. The company had a trading volume of 1,030,019 shares, compared to its average volume of 502,900. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.42 billion, a PE ratio of 266.50 and a beta of 1.32. Stagwell Inc. has a 12-month low of $5.26 and a 12-month high of $8.18. The company's fifty day moving average price is $6.23 and its 200-day moving average price is $6.73.

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Analysts Set New Price Targets

Several brokerages recently weighed in on STGW. Rosenblatt Securities reiterated a "buy" rating and set a $10.00 price target on shares of Stagwell in a research report on Thursday. Wells Fargo & Company upgraded shares of Stagwell from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $8.00 to $9.00 in a research note on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $9.00 price target on shares of Stagwell in a research report on Thursday. Finally, Benchmark reiterated a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.08.

About Stagwell

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.